RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of LLY
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Eli Lilly stock downgraded to Sell Candidate
(Updated on May 01, 2024)

Sell candidate since May 01, 2024 PDF

The Eli Lilly stock price fell by -0.557% on the last day (Wednesday, 1st May 2024) from $781.10 to $776.75. During the last trading day the stock fluctuated 1.87% from a day low at $768.25 to a day high of $782.61. The price has been going up and down for this period, and there has been a 3.46% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 million shares and in total, 2 million shares were bought and sold for approximately $1.84 billion.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Eli Lilly stock with a 90% probability to be traded between $691.78 and $814.14 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

LLY Signals & Forecast

The Eli Lilly stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $747.33 and $759.14. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -1.96%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Eli Lilly stock

On the downside, the stock finds support just below today's level from accumulated volume at $725.38 and $706.20. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Eli Lilly finds support just below today's level at $725.38. If this is broken, then the next support from accumulated volume will be at $706.20 and $705.03.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $14.36 (1.87%) between high and low. For the last week, the stock has had daily average volatility of 2.13%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LLY) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Eli Lilly and Company to open at $775.87, and during the day (based on 14 day Average True Range), to move between $756.88 and $796.62, which gives a possible trading interval of +/-$19.87 (+/-2.56%) up or down from last closing price. If Eli Lilly and Company takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $781.10 (0.56%) than the support at $725.38 (6.61%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Eli Lilly and Company stock A Buy?

Eli Lilly holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.690 Sell Candidate Downgraded

Predicted Opening Price for Eli Lilly and Company of Thursday, May 2, 2024

Fair opening price May 2, 2024 Current price
$775.87 ( 0.114%) $776.75

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for LLY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 790.22 1.73 %
R2 784.74 1.03 %
R1 781.35 0.592 %
Current price: 776.75
Support S1 770.38 -0.82 %
S2 767.00 -1.26 %
S3 761.51 -1.96 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 782.12 0.691 %
R2 782.06 0.684 %
R1 781.10 0.560 %
Current price 776.75
Support S1 725.38 -6.61%
S2 706.20 -9.08%
S3 705.03 -9.23%

LLY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 08, 2023 Feb 15, 2024 Mar 04, 2024 $1.30 0.164%
2 Dec 08, 2023 Feb 14, 2024 Mar 08, 2024 $1.30 0.171%
3 Nov 01, 2023 Nov 14, 2023 Dec 08, 2023 $1.13 0.189%
4 Jun 26, 2023 Aug 14, 2023 Sep 08, 2023 $1.13 0.193%
5 May 01, 2023 May 12, 2023 Jun 09, 2023 $1.13 0.253%

FAQ

What is the symbol for Eli Lilly Stock and on which exchange is it traded?
The symbol for Eli Lilly is LLY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Eli Lilly Stock?
Eli Lilly holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

How to buy Eli Lilly Stock?
Eli Lilly Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Eli Lilly Stock.

What's the current price of Eli Lilly Stock?
As of the end of day on the May 01, 2024, the price of an Eli Lilly (LLY) share was $776.75.

What is the 52-week high and low for Eli Lilly Stock?
The 52-week high for Eli Lilly Stock is $800.78 and the 52-week low is $399.33.

What is the market capitalization of Eli Lilly Stock?
As of the May 01, 2024, the market capitalization of Eli Lilly is 742.643B.

When is the next earnings date for Eli Lilly?
The upcoming earnings date for Eli Lilly is Aug 13, 2024.
Click to get the best stock tips daily for free!

About Eli Lilly and Company

Eli Lilly Eli Lilly and Company discovers, develops, and markets human pharmaceuticals worldwide. It offers Basaglar, Humalog, Humalog Mix 75/25, Humalog U-100, Humalog U-200, Humalog Mix 50/50, insulin lispro, insulin lispro protamine, insulin lispro mix 75/25, Humulin, Humulin 70/30, Humulin N, Humulin R, and Humulin U-500 for diabetes; and Jardiance, Trajenta, and Trulicity for type 2 diabetes. The company provides Alimta for non-small cell lung cancer ... LLY Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT